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Campaign promises on taxes are officially not happening with this final bill. there are many deliveries in the bill the president made promises on. it does simplify the tax code. eliminates oil and gas production credits. also eliminates many deductions that families and businesses were taking, such as specifically lobbying expenses. helping to drain the swamp. promises he made he delivered on. certain industries here that made it impossible to deliver on every single one of those. delivered on promise for middle income family. many elements we simplified. we didn t get as much as we want. part of the compromise. senator john mccain is back home in arizona. senator s office says he will undergo therapy at the mayo clinic in arizona. looks forward to returning to the nation s capital in january. doctor treating mccain says he s responding positively to ongoing ....
Promises that candidate donald trump made on taxes? chuck, there are many deliveries here in the bill that the president made promises on. one, it does simplify the tax code. some of the things you re not talk being is it eliminates oil and gas production credits. it also eliminates many deductions that families and businesses were taking, such as specifically lobbying expenses. it s helping drain the swamp. there are promises he made that he s delivering on. there are certain things here that made it impossible to work around every single one of those. but what s most important is we ve lowered the corporate rate from 35% to 21% to bring jobs back to our country, a signature accomplishment in the bill. a 40% reduction. he is lowering and delivering middle income tax relief to families across the country. for a single mom earning $40,000 a year with two children, she gets a $1,400 tax benefit. for the family of four earning $70,000 a year, they get a $2,000 tax benefit. he delivered ....
That cannot continue. and that s what this that is the president s foremost concern about derivatives here. and the dynamic of what s playing out is that the president is outlining a perfectly reasonable standard that we need to bring them out into the open and we need to get a lot of the most dangerous kinds into the so-called clearinghouses so they can t blow up their neighbors the way they did with aig. and you ve got a determined core of people, a lot of them leadership from the republican side, funded by literally hundreds of millions of dollars of lobbying expenses on the part of the special interests. trying to get loopholes win back into derivatives laws to allow them to keep hundreds of trillions of dollars in these dark pools. it s not acceptable. that cannot happen. let me ask you about this. judd gregg said something that i ve heard others say, and that is that the day after this bill becomes law you will see money go to other places where people ....
Pumping water from their basements and costs could reach en to the hundreds of millions of dollars and the pawtuxet river is falling back below flood stage and amtrak nearly resumed full train service along the northeast corridor. bill: so many people affected by that. juliet: really brute. democrats and republicans now brutal. bill: republicans and democrats at odds over the new financial regulation, and looking to give the government sweeping new powers to split up large companies and limit the risks those companies can take and larry summers was talking about this over the weekend saying a lot of money is spent on the issue. i expect that reform is going to pass. it s not easy. you ve got a million dollars being spent per congressman, in lobbying expenses on this issue. industry has four lobbyists, per member of the house, and, senate ....